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SUMMARY FINANCIAL INFORMATION CITY OF BROOKLYN CENTER The purpose of this report is to provide a summary of financial information concerning the City of Brooklyn Center to interested citizens. The complete financial statements may be examined at Brooklyn Center City Hall, 6301 Shingle Creek Parkway, Brooklyn Center, MN 55430, or at the Brooklyn Center branch of the Hennepin County Public Library. Questions about this report should be directed to the Brooklyn Center Finance Department: 763 -569 -3345. Revenue and Expenditures for General Operations (Governmental Funds) Percent Total Total Increase 2007 2006 (Decrease) REVENUES: Taxes $ 16,187,546 $ 15,586,370 3.86% Special Assessments 1,364,413 1,214,571 12.34% Licenses and Permits 673,156 722,633 (6.85 %) Intergovernmental Revenues 3,171,745 2,375,697 33.51% Charges for Services 705,736 722,218 (2.28 %) Court Fines 291,423 25600 13.57% Interest 1,497,740 1,589,331 (5.76 %) Change in fair value of investments 21,763 12,400 75.51% Other 404,420 477,296 (15.27 %) Total revenues S 24 S 22 5.93% Per Capita 871.58 822.81 5.93% EXPENDITURES Current: General Government $ 2, 9 51,18 8 $ 2,83%150 3.95% Public Safety 7,550,434 7,299,842 3.43% Streets and Highways 2,310,846 1, 817,120 27.17% Culture and Recreation 2,314,099 2,212,142 4.61% Redevelopment & Housing 5,659,331 1,386,558 308.16% Administrative Services Reimbursement (744,590) (529,362) 40.66% Other 429,237 487,139 (11.89 %) Capital Outlay 4,524,524 5,918,472 (23.55 %) Debt Service 3,933,384 4,377,764 (10.15 %) Total expenditures S 28 S 25 12.09% Per Capita 1,036.82 925.01 12.09% Total Long -term Indebtedness $ 25,41000 $ 27,95000 (9.09 %) Per Capita 910.72 1,001.76 (9.09 %) General Fund and Special Revenue Funds Unreserved Fund Balance - December 31 $ 19,680,174 $ 30,370,901 (35.20 %) Per Capita 705.36 1,088.52 (35.20 %) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF FUND NET ASSETS PROPRIETARY FUNDS December 31, 2007 Major Enterprise Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course Heritage Center Utility Utility Utility Enterprise Enterprise Service ASSETS Current assets: Cash and cash equivalents $ 1,199,465 $ 50,970 $ 1,151,030 $ 2,068,788 $ 2,464,116 $ 1,380,820 $ 154,859 $ 8,470,048 $ 6,836,296 Accounts receivable - net 9,357 - 306,830 460,294 771,418 33204 109,283 089,266 8,461 Special assessments receivable - - - 459,133 203 231 - 461,447 - Prepaid items 21,988 - 408 500 154,772 - - 181,928 - Inventories 508,450 2 30,820 16,070 - - - 557,928 33,043 Total current assets 1,739,260 53,558 1,493,348 304,785 3,392,389 1,713,135 264,142 11,660,617 6,87700 Noncurrent assets: Capital assets: Land - 1,390,402 1,493,300 23,093 3,389 287,158 - 3,197,342 - Land improvements - 40,258 327,830 - - - - 36808 166,108 Buildings and structures 192,771 487,946 11,039,134 3,033,212 2,705,423 - - 17,458,486 - Machinery and equipment 111,167 11,160 195,529 12808 179,130 - - 625,654 70089 Mains and lines - - - 15,946,152 14,32203 18,301,381 - 48,570,196 - Construction in progress - - - 57602 43407 1,282,944 - 2,294,293 - Total capital assets 303,938 029,766 13,055,793 19,707,787 17,645,292 19,871,483 - 72,514,059 7,255,797 Less: Allowance for depreciation (229,301) (267,044) (6,313 (11,062,475) (8,591 (5,583 - (32,047,167) (3,611,151) Net capital assets 74,637 1,662,722 6,742,396 045,312 9,053,907 14,287,918 - 40,466,892 3,644,646 Total assets 1,813,897 1,716,280 8,235,744 11,650,097 12,446,296 16,001,053 264,142 52,127,509 10,522,446 LIABILITIES Current liabilities: Accounts payable 83,412 1,168 36,010 43,829 8,857 3,469 29,952 206,697 73,105 Accrued salaries payable 12,471 1,487 16,937 9,592 2,932 1,549 - 44,968 5,909 Due to other governments 4904 15 19,574 896 - - - 69,569 - Contracts payable - - 173,356 - - - - 173,356 - Deposits payable - - 220,240 700 - - - 220,940 - Unearned revenue 446 - 1,600 128,960 - - - 13106 - Advances from other funds - 792,488 - - - - - 792,488 - Compensated absences payable - current - - - - - - - - 102,350 Accrued health insurance liability- current - - - - - - - - 101,500 Total current liabilities 145,413 795,158 467,717 183,977 11,789 5,018 29,952 1,639,024 28204 Noncurrent liabilities: Compensated absences payable - long -term - - - - - - - - 921,356 Accrued health insurance liability - long -term - - - - - - - - 2,41502 Total noncurrent liabilities - - - - - - - - 3,337,238 Total liabilities 145,413 795,158 467,717 183,977 11,789 5,018 29,952 1,639,024 3,620,102 NET ASSETS Invested in capital assets 74,637 1,662,722 6,742,396 045,312 9,053,907 14,287,918 - 40,466,892 3,644,646 Unrestricted 1,593,847 (741,600) 1,025,631 2,82008 3,38000 1,708,117 234,190 10,021,593 3,257,698 Total net assets 1,668,484 921,122 7,768,027 11,466,120 12,434,507 15,996,035 234,190 50,488,485 6,902,344 CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS For the Year Ended December 31, 2007 Major Enterprise Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course Heritage Center Utility Utility Utility Enterprise Enterprise Service OPERATING REVENUES Sales and user fees $ 5,474,634 $ 252 $ 4,325,296 $ 2,039,679 $ 3,272,528 $ 1,412,548 $ 47806 $ 17,255,411 $ 1,553,635 Cost of sales 4,125,816 - 2,162,075 - - - - 6,287,891 - Total operating revenues 1,348,818 252 2,163,221 2,039,679 3,272,528 1,412,548 47806 10,967,520 1,553,635 OPERATING EXPENSES Personal services 529,966 139 909,332 42509 169,781 85,786 - 2,260,078 499,136 Supplies 24,279 44,718 142,428 156,404 16,262 027 1,042 394,760 392,966 Other services 157,556 76,455 53408 385,303 2,179,409 291,957 277,799 3,902,487 148,053 Insurance 11,527 600 48,179 12,589 5,329 2,780 301 9005 55,102 Utilities 3609 19,969 220,430 151,237 35,572 - 167,037 630,914 1,870 Rent 245,407 - - - - - - 245,407 - Depreciation 26,359 27,170 577,535 586,462 525,655 734,525 - 2,477,706 529,893 Total operating expenses 1,031,763 314,256 2,431,912 1,71704 2,93208 1,124,675 448,959 10,001,437 1,627,020 Operating income (loss) 317,055 (61,636) (268,691) 321,815 340,520 287,873 29,147 96603 (73,385) NONOPERATING REVENUES (EXPENSES) Intergovernmental - - - - - - - - 9,842 Investment earnings 53,219 3,445 54,331 7808 115,955 92,298 8,738 406,654 332,414 Special assessments - - - 1095 166 - - 1801 - Gain (loss) on sale of capital asset - - - - - - - - 88,508 Other revenue 13,275 118 4,812 5,556 1,984 - 1,380 27,125 10,384 Total nonoperating revenues (expenses) 66,494 3,563 59,143 102,919 11805 92,298 10,118 452,640 441,148 Income (loss) before contributions and transfers 383,549 (58,073) (209,548) 424,734 458,625 380,171 39,265 1,418,723 367,763 Capital contributions - - - - - 193,157 - 193,157 - Transfers in - - - - 461,723 - - 461,723 57,459 Transfers out (125,000) - (230,000) - - - (26,810) (381,810) - Change in net assets 258,549 (58,073) (439,548) 424,734 920,348 573,328 12,455 1,691,793 425,222 Net assets - January 1, as previously stated 1,409,935 979,195 8,207,575 11,041,386 11,514,159 13,023,559 221,735 46,397,544 6,477,122 Prior period adjustment - - - - - 2,399,148 - 2,399,148 - Net assets - January 1, restated 1,409,935 979,195 8,207,575 11,041,386 11,514,159 15,422,707 221,735 48,79602 6,477,122 Net assets - December 31 $ 1,668,484 $ 921,122 $ 7,768,027 $ 11,466,120 $ 12,434,507 $ 15,996,035 $ 234,190 $ 50,488,485 $ 6,902,344 CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended December 31, 2007 Major Enterprise Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course Heritage Centel Utility Utility Utility Enterprise Enterprise Service CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users $ 5,473,017 $ 252,620 $ 4,219,457 $ 1,966,196 $ 3,411,210 $ 1,413,605 $ 485,334 $ 17,221,439 $ - Receipts from interfund services provided - - - - - - - - 1,560,256 Payments to suppliers (4,637,244) (148,086) (3,129,685) (703,222) (2,846,679) (302,502) (421,450) (12,188,868) (620,433) Payments to employees (527,273) (139,027) (909,140) (423,676) (170,587) (85,590) - (2,255,293) (476,067) Miscellaneous revenue 13,275 118 4,812 5,556 1,984 - 1,380 27,125 20,226 Net cash flows provided (used) by operating activities 321,775 (34,375) 185,444 844,854 395,928 1,025,513 65,264 2,804,403 483,982 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers in - - - - 461,723 - - 461,723 57,459 Transfers out (125,000) - (230,000) - - - (26,810) (381,810) - Special assessments - - - (89,582) 426 - - (89,156) - Net cash flows provided (used) by noncapital financing activities (125,000) - (230,000) (89,582) 462,149 - (26,810) (9,243) 57,459 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets - - - (576,661) (436,649) (1,090,487) - (2,103,797) (1,619,325) Proceeds from sale of assets - - - - - - - - 93,410 Net cash flows provided (used) by capital and related financing activities - - - (576,661) (436,649) (1,090,487) - (2,103,797) (1,525,915) CASH FLOWS FROM INVESTING ACTIVITIES Interest on investments 53,219 3,445 54,331 78,668 115,955 92,298 8,738 406,654 332,414 Net increase (decrease) in cash and cash equivalents 249,994 (30,930) 9,775 257,279 537,383 27,324 47,192 1,098,017 (652,060) Cash and cash equivalents - January 1 949,471 81,900 1,141,255 1,811,509 1,926,733 1,353,496 107,667 7,372,031 7,488,356 Cash and cash equivalents - December 31 $ 1,199,465 $ 50,970 $ 1,151,030 $ 2,068,788 $ 2,464,116 $ 1,380,820 $ 154,859 $ 8,470,048 $ 6,836,296 Reconciliation of operating income to net cash provided (used) by operating activities: Operating income (loss) $ 317,055 $ (61,636) $ (268,691) $ 321,815 $ 340,520 $ 287,873 $ 29,147 $ 966,083 $ (73,385) Adjustments to reconcile operating income (loss) to net cash flows from operating activities: Depreciation 26,359 27,170 577,535 586,462 525,655 734,525 - 2,477,706 529,893 Changes in assets and liabilities: (Increase) decrease in receivables (1,578) - (83,269) (80,274) 138,682 1,057 7,228 (18,154) 6,310 (Increase) decrease in inventories 2,762 (803) (3,719) 2,579 - - - 819 (3,073) (Increase) decrease in prepaid expenses (556) - 831 - (4,922) - - (4,647) - Increase (decrease) in payables (38,196) 459 (42,247) 382 (605,185) 1,862 27,509 (655,416) (19,369) Increase (decrease) in accrued expenses 2,693 317 192 2,193 (806) 196 - 4,785 23,380 Increase (decrease) in deferred revenue (39) - - 6,141 - - - 6,102 - Other nonoperating income 13,275 118 4,812 5,556 1,984 - 1,380 27,125 20,226 Total adjustments 4,720 27,261 454,135 523,039 55,408 737,640 36,117 1,838,320 557,367 Net cash flows provided (used) by operating activities $ 321,775 $ (34,375) $ 185,444 $ 844,854 $ 395,928 $ 1,025,513 $ 65,264 $ 2,804,403 $ 483,982 Noncash financing activities: Capital contributions $ - $ - $ - $ - $ - $ 193,157 - Gain on sale of assets - - - - - - - 88,508 City of Brooklyn Center (Official Publication) SUMMARY FINANCIAL INFORMATION •• CITY OF BROOKLYN CENTER The purpose of this report is to provide a summary of financial information concerning the City of Brooklyn Center to in- terested citizens. The complete financial statements may be examined at Brooklyn Center City Hall, 6301 Shingle Creek newspap er Parkway, Brooklyn Center, MN 55430, or at the Brooklyn Center branch of the Hennepin County Public Library. Ques- tions about this report should be directed to the Brooklyn Center Finance Department . 763 -569 -3345. f AFFIDAVIT OF PUBLICATION Revenue and Expenditures for General Operations (Governmental Funds) Percent STATE OF MINNESOTA } Total Total Increase )s5. 2007 2086 (Decrease) COUNTY OF HENNEPIN } REVENUES: Taxes $ 16,187,546 $ 15,586,374 3.86 Richard Hendrickson being duly sworn on Special Assessments 1,364,413 1,214,571 12.34% an oath states or affirms that he is the Chief . Licenses and Permits 673, 722,633 (6.85 %) ' Intergovernmental Revenues 3,171,745 2,375,697 33.51 Financial Officer of the newspaper( known Charges for Services 705,736 722,218 (2. 28 ° /0) as Court Fines 291,423 256,500 13.57% Brooklyn Park, Brooklyn Center Sun -Post Interest 1,497,749 1,589,331 (5.76°x°) Change in fair value of investments 21,763 12,400 75.51 Other 404,420 477,296 (15.27 %) Total revenues $ 24,317,942 $ 22,957,116 5.93% and has full knowledge of the facts stated Per Capita 871.58 822.81 5.93% below: EXPENDI (A) The newspaper has complied with all of current: General Government $ 2,951,188 $ 2,839,150 3.95% j the requirements constituting qualifica Public Safety 7,550,434 7,299,842 3.43% tion as a qualified newspaper as pro vid- Streets and Highways 2,310,846 1,817,120 27,17% Culture and Recreation 2,314,099 2,212,142 4.61 ed by Minn. Stat. §331A.02, §331A.07 Redevelopment & Housing 5,659,331 1,386,558 308.16% and other applicable laws as amended Administrative Services Reimbursement (744,590) (529,362) 40.66% (B) The printed public notice that is attached Other 429 ,237 487,139 (11.89 %) was published in said newspaper( Capital Outlay 4,524,524 5,918,472 (23.55 %) once each week for one Debt Service 3,933,384 4,377,764 (10.15 %) SuCCe551Ve Total expenditures $ 28,928,453 $ 25,808,825 12.09% week(s); it was first published on Thurs- Per capita 1,036.82 925.01 12.09% day, the 19 day of June , Total Long -term Indebtedness S 25,410,000 $ 27,950,000 (9. 99 %) 2 008, and was thereafter printed a nd r er t apita y its. 72 i i.76 �9- 09 o) published on eve Thursday to and in- General Fund and Special Revenue Funds c I u d i n g Thursday, the day of Unreserved Fund Balance - December 31 $ 19,680,174 $ 30,370,901 (35.20 %) Per Capita 705.36 1,088.52 (35.20 %) 2008; and printed below is a copy of the lower case alpha- P opulation 27,901 27,901 bet from A to .Z, both inclusive which i5 June 19, 2008 }p1 -1 additional info -CH hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefghijklmnopgrstuvwxyz I BY: CFO Subscribed and sworn to or affirmed before me on this 19 day of June , 2008. a �. �.N I Notaryl • MARY ANN CARLSON NOTARY PUBLIC — MINNESOTA MY COMMISSION EXPIRES 11-311-09 i I i i I Pty BMWn-Cepw (Official PubNcation) p SUMMARY FINANCIAL WFORMATIDN CITY OF BROOKLYN CENTER The purpose of this report is to provide a summary of financial in c�oncernirig'the pity of Brovklyri.' in- - teres#ed citizens. The complete financial statements may be examined at Brooklyn Center City- HaH, (MI. Shin* Crete Parkway, Brooklyn .Center, M..N 55430, or at' Brooklyn Center branch of the Hennepin County Public L� .: Ces- tions about this report should be directed - to' -the Brooklyn Center Finance Department: 763 7559. 334~5. Revenue and ExpendWAvs for General Operations {Governmental Fug Percent Total Total Incn*99 2807 _- 20UG Decrease REVENUES: 9 $ 16,187,546 $ '15,586,37Q 3:36 Taxes 46 Special Assessmerrts 1,384,413 1,214,571 :1:x3496 Licenses and Permits` 873 .72-Z633 S-06 ) Intergovemment6l Revenues 3,171,745 2,375,697 , 33:5146 Charges for. Services 705,736 722, 18 -: , _ ..: (228%) court Fines 291,423 256 5796 Interest 1,497,740 1,589,33'1 Change in :fair NWUe of hir estrnents 21,763. .12,400 75 :51X16 Other 404,4M 477 -2913 0 $ 24,317,942 $ ; Total revenues . 957,116 Cap" 871.55 . 822.81 5.9C3'�16' Per C' l Cut�terd CRe C.�t34em 2,951,188 ; $ 2,539; 954; 3:99F a: Public Safety 7,558,434: 7;299,842 Streets. and Hk# Vvays 2,31 %846 1,817,120 - 21 179& 1 Cti tune and Recreation 2,314,099 2,212,14 2 4A196 Redevelupn*M &.Housing 565'x,331 AdminMative Sewices- Reimbu rserrrent (744,59x3 4x29 ;3s2) .:::.: 40.65W. .,.. ; i`3th�r. 11.x996 429,237 . - 4I�,139 ( � . `01 3 ..... /: : �r'Vi1�,,r a' .; • ': � 384 t Z . i. JJ _ -IPer Capita 1,036 92&(" TC W Lo -term lrldet ness 25 410 27 95 p000 p . aQ0 � 1 , $ - low PerCa Capita l,aa1.76 P ; General Fund and Sperms Revenue • Funds Unraesemed "Fund Balance - December 31 $ 4M10,, 114 $ 30,37�R '1 {: y Per.0ppita 7x5.36 1 ,UB$:5 a 35.2Q96j: :lY . P n 9EIi 27• 1::, ... .. Jim i9, 1 = '� 6ddftkmW 1411HPH usga yy �i p Coll i City of Brooklyn Center r (Official Publication) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF FUND NET ASSETS PROPRIETARY FUNDS ilewspapeiss December 31, 2007 June 19, 2008 )p1 -2 PROP BS -CH AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA } ) ss. COUNTY OF HENNEPIN } Richard Hendrickson being duty sworn on an oath, states or affirms that he is the Chief Financial Officer of the newspaper(s) known as Brook n Park, Brooklyn Center Sun -Post and has full knowledge of the facts stated below: (A) The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provid- ed by Minn. Stat. §331A.02, §331A.07 and other applicable laws as amended. (B) The printed public notice that is attached was published in said newspaper(s) once each week, for one successive weeks); it was first published on Thurs- day, the 19 day of June , 20ub, and was inereafter printed and published on every Thursday to and in- cluding Thursday, the _____ day of _ , 2008; and printed below is a copy of the lower case alpha- bet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefghijkl mnopgrstuvwxyz r BY: CFO Subscribed and sworn to or affirmed before me on this 19 day of June $ 2008 Notary Public Rio MARY ANN CARLSON NOTARY PUBLIC -- MINNESOTA MY COMMISSION EXPIRES 131-09 l ' co 4f Brtner �. (Off icial Publication . I Cl1Y D.F BROO CENTER, WN STATEMENT OF FUND NET ASSETS ! PROPRIETARY FUNDS ` December 31, 2007 _ _ r Este rise Sher l r Mwr�,i Goff . Eat Wier. Sananj Sewer Storrr� Dram�e tOrar3u Tel lrtetal ! 4.i uor Course Cente Utility - 4Jtil' 43tilitL E rise Ente Service ASSETS Current assets: l I_ l Cash and cash .equiva rats 1,199,465 $ 513,934 $ 1,151,034 $ 2,068,788 $ 2464118 $ 1,380,8241 $154.8m $ .8,474 $ 6,836,290 Act receivable - net -9,351 - 308,836 4813,294 771,418 332,084 109,283 1,989,268 .8 5pect ass�esss` receiwa - - 4.59,133 2,083 231 461,447 Prepaid items 21 ;988 _ 4,85.8 500. .154.772 � 81 X928 1 4 Inventories _ 5U845a 5 30 18,07x55,928 33,043 . Total current a ssets - 1739 - - 3 4304 785 3;392 389 '1713135 ,142 11 1 W -6 '17 6 877 .00 - 5 .. M . . 53,558 1,493,348 I Noncurrent asset.. - - - - k Capital assets: t Land _ 1,390,402 1,493,300 23,093 3,389 287 3,197,342 Land ur►pro►c w 40,258 327,830 y : _ 358,48$ `'166100 Buildings and . 192,771 487,948 11,039,134 . 3,033,21.E 2 Machinery a nd e qurprnent 1'11,167 11, 160 195,529 128,668 179,130 - - M OW 7,Q89,fi89` Mains and. lines :. 13,9443,152 14,322;fi83 18,30'4 ,38'1 -48,573,'196 Construction in progress - 57fi fi62 - 434,88' 4 282 944 Z,?94,293 Total capital assets 343;935 1 I 13,155,793- 19,707,787 17.2 18,871,483 . - 72 514 d.59 7,255,797' , , Less: Allowance for depreciativn �229�3y� }} 7 044 �6,313� {11 462, 475) 8 59 1.3 �5 58..- 5I - X32 ;547 167): [3 817;1 Net copal asset 74,f3T i722 _ 8 74 396 8645,312 9 053 907 '14 ;287,9'18 4D - 3�B44;B�4#� _. - -- - Total assets 1244 ;296 �18��1,053 284,142 52,127,5 1.0522 . _ .1813,897 171 a8i3 _ 8,235 11 650,097 , - LIABILITIES Current liabilities: Accounts payable 83,412 1,168 38,014 43,829 8,857 3,469 29,952 206,£97' 73;105 Accrued. salaries payable - '42,471 1,487 18,837 9,M 2,832 .1 ; 549 44,968. 51909 Due to other governments 49,084 15 19,574. 8943 59,589 Contracts payable - 173,358 _ _ 173,356 Deposits. payable - 220240 700 y - - 224 ;94$ Uneamed revenue. ; ...448 - I ,t3U0 1 28,913© _ '! 37,(306 .. - Advances €torn other funds Y 7927488 _ � _ 792,48& Compensated absences payable- current - _ - 102,350 p Accrued health insurance liab k cwfrerrt - _ _ _ 101 1 5 W .. Tata1 current liabilities __ 145,413 785,158 � 467,717 183 977 • � - 11 • 5 t�18 29,952 1,639 024 28x2 . ' `Non€�rrent liabilities _ � - - Compensated absences - pble~ng- fierrri Accrued health insurance l'iabi ty=4orig _ _ 2415; Total noncurrent liabilities - - 3,337;2 -... - .- Total liabilities 145,413 ' 795,158 467 7'17 '183,977 T11 789 5,018 .. 29,952 1 524 3432131 MET ASSETS lnvested in capital assets .74;837 1,882,722 8,742,31343 8,4345;312 9,453 i4,�7,918 Qfl,4�,� 3,4, t3rtresttit ed . �1 593 $47 41 '! 025831 2824 BtfB 3 384 6[10 1748117 234 1903 147 021603 : 3 .257 otal 5,9gB; T net assets 94 344 1` 658 1 1 /1488120 '4434 7 S . Come 19, 251.2 PlL3P -C1-1 City of Brooklyn Center Official Publication) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS �. PROPRIETARY FUNDS For the Year Ended December 31, 2007 imewspapers (June 19, 2008 )p1 -3 PROP OS -CH AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA } } ss. COUNTY OF HENNEPIN ) Richard Hendrickson being duly sworn on an oath, states or affirms that he is the Chief Financial Officer of the newspaper(s) known as Brooklyn Park, Brookly Center Sun -Post and has full knowledge of the facts stated below: (A) The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provid- ed by Minn. Stat. §331A.02, §331A.07, and other applicable laws as amended. (B) The printed public notice that is attached was published in said newspaper(s) once each week, for one successive weeks ); it was first published on Thurs- day, the 19 day of June , 2008, and was thereafter printed and published on every Thursday to and in- cluding Thursday, the day of , 2008; and printed below is a copy of the lower case alpha- bet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefg h i jkl m nopq rstuvwxyz r BY: CFO Subscribed and sworn to or affirmed before me on this 19 day of June , 2008. Notary Public MARY ANN CARLSON NOTARY PUBUC - MINNESOTA MY COMMISaIONI EXPIRES 1 -31-09 t L EGALNMICES ... C of Brooklyn - Centee (Official P ublication) ; CITY OF BR€ OKEYN •CENTER, MINI�IES�]TA STATEMENT OF REVENUES, EXPENSES, AND . CHANCES-IN. FUND NET ASSETS PRDPRIETARY FUNDS _ k For the Year Ended Decent r 31, - =7 Mg Eire Otter , AAunicipal G olf Earle Broom gaiter Sanitary.' rer Storm DraoW Nbririajor Total::: Internal o se Heritme Cede Utility rrierQrise rvice. OPERATING REVENUES Sa,Ies and user fees $ 5,474 $:252,620 $ 4,32.5,296 oper � 2. 89,679 $ 3;272;528: � 1,412,548 - $.478,1 106 $ $ 1;55 35 ' Cost of sales. _ 2162,075 287,894 _ 6 __ 4�125,81C! - - Tcaf ating reven . _ _ - - 52,620 - 2,16►3,221 _ 2,039,879 3,272,528 ' � ,41254$ 47$,1 9 D = �� 520 1 553 1,348,$1$. .. - OPERATING EXPENSES l se - Persona fvives 529,9fii6 '#39,344 965,332 425,8F39 X89,7$1 85,7 2 i�,Q78 499,1.36 - i $upp 24,276 44,7'l8 442,4,28 15604 A= :..9,627. 1 394,7`€i0 352,966 Cth 'services .157,556 7$,455 534,008 3e §,303' ` 2"179,40g.. 291,x&57 277,799 3 ;902,487 149 ;053 f. Iurance :41,527,8(1a 48,479 12,56 _ 5;329 2,780 3 55,402 _. Wities _ x,869 16,589 224,430 9 51;237 M 572 1 fi7;037 : $W;914 : 1,$7Q : Rent - _ _ _ 245 407: 245,407 5 �n 970 77,535 SW 482 _ 25 855 734 ;525 2,47_7,7 _ 9 P 26 59. 27 ,89 i 52 3 Toil operating expees: 394,256 .2439=912 1,717864 2,932,008 1,124,fi75 448,959 �l0,0 ©1,437 1627 D2U 1 :. f031�783`.. a O inch bass Aerating ( ) Al 7 x' Q►1636 as9 321 815 340 524 . - 287 873 ~ 29147 083 3 5 C2B8 � 38 NDNOPER�ATING REVENUES } jo (EXPEL In er OVei`nrner t s { 9," Investtnerrt eamin : 53° 95. , 2 1 . 3,445 . 54,331 78 ;6fi8 915,955 92 $ 1 738 406 332;414 ` Speal assessments. 1B8 18,861 Gain .on sale. of ca Q ( arse# 88 508 -. • Other .revenue 13 ,27 �5 118 " _ �. 4,812. 5,556 1,9$4 ` 9,380 27125, Tvt pvnoperating revenues. (expenses} 66j4 3,583 59143 '! Q2 9'! 9 118,105: 92;258 �,'I 452,64A 441 ` 14 _ - - _.. • 94 4 18 $. Indorne .(1mss) befwe b and tranOms 383 54a $8 0 548 -. 424 734 625 380171 39265 ' 418 723 367 763 3 458, 1 , CapI oanibutions 1319! 183,157 Transfers in 4s1, ' ; : � � . 461,723 . ,723: Transfers out 1 ��3D�0tN1� Change in.net assets 258 546 58 073 t4�.548] 424,734 920:348 - , 573 328: '12,455 1,68 763 425;222 Net assets - January 1,:as previotusfy stud 1,4as ;835 97 ; $,207,575. 11,041 386'. 11,514;159 - '#3,02'3;55 221,x'35. 46;397,544 ;122 5;477' " Pnor pmW adjustrnent : - - . 2 2�399�148 X69 ;'l46 Net assets ,lan uary 1, restated 1 409,935 979;195 er 7 575 1'# 041 388 11 14159' 707 221 8798 2' 47 .. : 1 htet 1t36�;484 gay z 22 -: 7 lea �7 ; 46120 12 434 5137 rf s� f : X341; - So e 4 34 . _ .: - - - 5 - w i f �7.. 7 7 ! s s i - ..r .. ...� . . - (Ju ne 19, 2D08)p1 -3 PROP 'OS-OH City of Brooklyn Center (Official Publication) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended December 31, 2007 newspapers (June 19, 2008 )p1 -4 PROP CF -CH AFFID"IT OF PUBUCATIQN STATE OF MINNESOTA } )Ss. COUNTY OF HENNEPIN ) Richard Hendrickson .being duly sworn on an oath, states or affirms that he is the Chief Financial Officer of the newspaper(s) known as BrooKr Park, Brooklyn Center Sun -Post and has full knowledge of the facts stated below: (A) The newspaper has compiled with all of the requirements constituting qualifica- tion as a qualified newspaper as provid- ed by Minn. Stat. §331A.02, §331A.07, and other applicable laws as amended. (B) The printed public notice that is attached was published in said newspaper(s) once each week, for one successive weeks); it was first published on Thurs- day, the 19 day of June , 2008, and was thereafter printed and published on every Thursday to and in- cluding Thursday, the — day of 2003; and printed below is a copy of the lower case alpha- bet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefghisklmnoparstuvwxyz r BY 4 CFa Subscribed and sworn to or affirmed before me on this 19 day of June , 2008. Notary Public MARY ANN CARLSON NOTARY PUBLIC — MINNESOTA MY COMMISSION EXPIRES 1 X31-09 • _ r ; cftv S T TATER1 OF CASH Ft•. QPR PR iETAR S , F the Year � . Ended 31 260T Offler k1wo low .......:.... e ni! aif Brtwn fidllatr Sa Sew rm 1]r t nt�rhat i�#�e�e � � Uti S t . ........:.. OTOW Sto CASH.FLOWS, FROM Q�ERAT1t� A R iro!'n �t r1em � and 47 ' " 252 52D � 5 3 D�7 4 18457 1 ,. .. f r �P �. ilVV � y r� w� f � . .f� ...f ... � 3 ���• Z1D � 413 � .': .. . .. , .. .:.- � f � $ 455 334.:. - • 77221 9 , ..; - ........... . f f _ Re r 'Fr'vm �nterfu d. n ravv�ded ceps �s , p � 1,5W aye Pa mend Y supP 4 Q37' 244 148 (s 3,'f a ,555. ( 7D3 6�9 302 � � r w � � �j��j �. "�'"/ �. \: �. f s s '"T�•: 45 12 X88 ..:. ;::. P mend tq.e e ves 4 ay me �oY - 527'. T3 139 Da 4D 23 •4 � t � � � 3 • 13 75 1'18 _ _ ,Z 4 872 5 5 1,984 7 'fl < .; :: �T,125 �D - aa5 ..� - .. o b � 3 21 775.. 34 .7 �� � 882: 55 ,444' V"7 , ii� ` 9a. D25 5T3 � � 8D4 �{ �: � 48 �.,.... uJr_•i1d �, NC C S 1115 FRS �II�AP T IA1� P IT Ak. GAG AC . TIES Trs :. � I n 451 J23 5 ?459'; _ 5,000 3D DDS s� - asse�an n� � � • 35.1 81D - w oesh:fl us b n 1� a r � .. 125 DDD ate -3 DD 89 �f�d Y 582 57 .. _ . � . � 4 't48 �r,_.r, _ ! # `243 - 8 - AS� F .� Af�3 FIh�A MG ACT11i1T[ES ,i. _ r �r } . 143 Arid n . 5 B51 436 k. D9D. �.. Y ch and or 93410 - _ �•r.,,..•, �� �_ � "t �3 � 1525 �'� 5 �!� Ft»DS FRQ1�f � r 53 218 3 s ,445 54 331 7'5, 8 15 855 Q 285 8 7 332 r� � 38 � ' 4 { J�) in c h ar c# a 00,930) ,T15 25�,2T8 53l 3#33 27' 324 1,0918,017 Cwh mid p� etitt - .u�y 1 • 94l�,!�77 81 9� _�,�41 M 1 all 5D9 1' 733 1 353,8 '� :• 3 .. . ,. a c �. _ T2;D3 SM 2 S �� 48 . �7D a,Des 78s a. 4 : �T , & 82D 1• D48 5 9 ai . proviOd (me** by erne. 3 17, 29 - 1 t 1 _ 3d1 X5 1 .5 3413 52Q $ 287,57 3 x,14? _ to r �e to - - net - mil s frnm opera .. . 1�5' error 35a X71 ra 5 f 77 535 586 482. B5 f 52`5, 5 . 734,525. 4T7 766 C i _ 3 .. homes and . a� �5. , tnrease decrease E knNatea 3 1 57 �#3 aSB (80,274 . � } = .. .. ,?B,L)fl�. 1 : ���i�d.V .: ' .. E .. '. (.!l �, f � ( I crease) decrease ' S . to a�a �D3 3 71 n ( 25 - 515 3 073 ! aease de c ( 4,847 ) rease in r } 558 P . .. � 3 4 .F.c. �V " 3a � 4 5D5185 ! 85a 42,24 382 7 �, � � . � 4 � 3 � 2 ,5� �855,41fi� ln�reas s creass ) . somed 2583 317" 1 92 21.93 . f 4755 23 38D tnr.reas�e • f 96 - ecxease �r r de�er�d � � �d 1.41 Queer nonopera , In ,. - '! 75 118 . 8 . 102 - -. .. _I riY11S1� �1.� •.w_ 55fi � i asfi frV,r�ri.1 . ni 1 984 t otal 4 72D 27 1 4541 5 - 3,39 55 4D 7 F. . _ 52 - ` 8 73 ,B4D X11 1 538,32 a51 �.. . � u tarl r :. .. p�� _ .. .Vq=.�I7 • .. . a - 3 321,775 $' [34,37'5 1a 444 844 854 39.5 828 "! 513 N �401- 4931W 193157 in on sate: a assess ne u -__ - - # 4 CF -OH :Le I N Pfoceeft Q � C-0 ri I d On.004